Quarterly Reports 2009

Quarterly Reports 2009

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Q1 - 2009 Financial Highlights

Q1
2009
Q1
2008
$
change
%
change
Revenues 1,625,745 1,775,091 -149,346 -8.4
Gross margin 267,810 240,692 27,118 11.3
Net income 77,485 70,852 6,633 9.4
Basic earnings per share ($) 0.51 0.47 0.04 8.5
Diluted earnings per share ($) 0.51 0.47 0.04 8.5

(in thousands of CA$, except per share amounts)

  • Net income for the first quarter 2009 increased to $77.5 million ($0.51 per share on a diluted basis) from $70.8 million ($0.47 per share on a diluted basis) for the first quarter 2008.
  • Revenues for the first quarter 2009 were lower, at $1.6 billion, compared to $1.8 billion for the same period in 2008, mainly due to decreased activities in Packages.
  • Financial position remained strong with cash and cash equivalents of $872.3 million at March 31, 2009.
  • Return on average shareholders' equity was 28.2% for the 12-month period ended March 31, 2009.
  • Total backlog for the four revenue categories: Services, Packages, Operations & Maintenance and Infrastructure Concession Investments, totalled $9.0 billion at the end of March 2009, compared to $9.6 billion at the end of December 2008.
  • The Board of Directors declared a cash dividend of $0.15 per share for the first quarter 2009.

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